SG Americas Securities LLC Has $1.82 Million Stock Holdings in The Allstate Corporation $ALL

SG Americas Securities LLC lowered its stake in The Allstate Corporation (NYSE:ALL) by 51.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,471 shares of the insurance provider’s stock after selling 9,010 shares during the period. SG Americas Securities LLC’s holdings in Allstate were worth $1,818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Allstate by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after acquiring an additional 435,145 shares during the last quarter. Geode Capital Management LLC raised its position in Allstate by 1.2% in the second quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after purchasing an additional 79,366 shares during the last quarter. Franklin Resources Inc. raised its position in Allstate by 2.5% in the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after purchasing an additional 112,858 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Allstate by 3.3% during the second quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock valued at $562,388,000 after purchasing an additional 88,620 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Allstate by 7.0% during the second quarter. Boston Partners now owns 2,655,585 shares of the insurance provider’s stock worth $535,078,000 after purchasing an additional 172,931 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALL shares. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. JPMorgan Chase & Co. raised their price target on shares of Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. William Blair cut shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Wall Street Zen lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Roth Capital lifted their target price on Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.19.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 21,871 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the transaction, the insider directly owned 100,646 shares in the company, valued at approximately $21,660,025.66. This represents a 17.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 48,400 shares of company stock valued at $10,313,256 over the last quarter. 1.70% of the stock is currently owned by insiders.

Allstate Price Performance

Shares of NYSE ALL opened at $196.23 on Thursday. The company has a market capitalization of $51.35 billion, a PE ratio of 6.35, a P/E/G ratio of 0.44 and a beta of 0.24. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.32. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.89. The firm has a fifty day simple moving average of $207.76 and a 200 day simple moving average of $203.47.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $3.91 EPS. On average, sell-side analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 1st. Allstate’s payout ratio is presently 12.95%.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.